Bitcoin price predicted to hit $110,000 before potential pullback, DeFi industry setback from whale exploit.

From Cointelegraph

March 28, 2025 3:00 PM:

Bitcoin price is predicted to reach $110,000 before a potential pullback to $76,500, with experts citing easing inflation and favorable monetary policies in the US. Meanwhile, the DeFi industry suffered a setback as a whale exploited Hyperliquid’s algorithms to profit over $6 million on a memecoin short position.

Fidelity Investments plans to launch a US dollar-pegged stablecoin after testing, in a move to expand its crypto services amid a more favorable regulatory environment. The stablecoin will be launched through Fidelity Digital Assets, with plans to track transactions of the Fidelity Treasury Digital Fund using an Ethereum-based share class.

Polymarket faces scrutiny following a controversial outcome on a high-stakes political bet, raising concerns of governance manipulation. The platform settled a market as “Yes” despite no event occurring, leading to accusations of a coordinated attack by a whale manipulating the oracle. The market amassed over $7 million in trading volume before settling.

DWF Labs launches a $250 million Liquid Fund to accelerate the growth of blockchain projects and drive mainstream adoption of Web3 technologies. The fund aims to support mid- to large-cap projects with strategic investments ranging from $10 million to $50 million, focusing on projects with significant usability and discoverability for retail users.

Read more at Cointelegraph: Bitcoin to $110K next, Hyperliquid whale bags $6.2M ‘short’ exploit: Finance Redefined